Rounding Bottom Struggle: UNI faces challenges breaking out of a rounding bottom pattern in the daily chart, encountering resistance despite bullish momentum.
Golden Crossover Tease: The 50-day and 200-day EMAs hint at a potential golden crossover, indicating a reversal, despite RSI showing bearish divergence.
Breakout Projection: A successful bullish breakout could propel UNI price towards the $8 mark, following a significant pullback and consolidation.
Rejection and Pullback: Previous rejection at $6.680 led to a substantial pullback to $4, resulting in a consolidation phase between $4 and $4.90.
Bullish Breakout: UNI experiences a bullish breakout above the 50D and 200D EMAs, with increased intraday volume, marking a 56% jump to reclaim $6.
Current Price & Trend: UNI trades at $6.20, displaying a slight intraday fall, reflecting a rounding bottom pattern and ongoing struggle to sustain the uptrend.
Technical Indicators - RSI & EMA: RSI shows bearish divergence, while the EMAs tease a golden crossover certifying a potential trend reversal.
Potential Breakout Impact: A successful bullish breakout could lead to a retest of $8, indicating a potential 27% increase in UNI price.
Support and Retest: Conversely, dropping below $6 might lead to a retest of $5.73, suggesting a possible correction if the breakout fails.
Golden Crossover Tease: The 50-day and 200-day EMAs hint at a potential golden crossover, indicating a reversal, despite RSI showing bearish divergence.
Breakout Projection: A successful bullish breakout could propel UNI price towards the $8 mark, following a significant pullback and consolidation.
Rejection and Pullback: Previous rejection at $6.680 led to a substantial pullback to $4, resulting in a consolidation phase between $4 and $4.90.
Bullish Breakout: UNI experiences a bullish breakout above the 50D and 200D EMAs, with increased intraday volume, marking a 56% jump to reclaim $6.
Current Price & Trend: UNI trades at $6.20, displaying a slight intraday fall, reflecting a rounding bottom pattern and ongoing struggle to sustain the uptrend.
Technical Indicators - RSI & EMA: RSI shows bearish divergence, while the EMAs tease a golden crossover certifying a potential trend reversal.
Potential Breakout Impact: A successful bullish breakout could lead to a retest of $8, indicating a potential 27% increase in UNI price.
Support and Retest: Conversely, dropping below $6 might lead to a retest of $5.73, suggesting a possible correction if the breakout fails.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.